July 28th, 2023 Watch List

Markets closed lower on Thursday, with the S&P dropping .64% while the Dow fell .67% putting an end to a 13 session winning streak. Asia markets closed mostly higher overnight while Europe indexes are mixed this morning. U.S. futures are pointing to a higher open, the Dollar, Yields, and Oil are lower while Gold is higher.

And this is what UPB is reading this morning: https://www.optionmillionaires.com/morning-reads-293/

Markets rallied at the open on Thursday, with the SPY testing $459.44, only to reverse course over $7 and close at $452.49. There was no true catalyst to speak of and just felt like an annoying profit taking session. Earnings have been good, the Fed came in as expected, and inflation numbers continue to come cooler than expectations. Was hoping for a break and hold of $460 on the SPY, but looks like that will have to wait until next week:

I added some DOCU calls, as outlined on yesterdays watchlist. There is a potential golden cross setting up, where the 50dma crosses the 200dma. Still think $60+ comes on this one soon:

WW gave back some of Wednesdays gains. The story hasn't changed and think this trades higher in the coming days and a possible test of $20 into September. They report earnings next week:

DXCM reported a strong q yesterday after the close and should bode well for TNDM earnings next week. Would have liked to see the stock hold that $35 handle. Hopefully can reclaim that today into next week:

YOU received another positive note this morning. Would like to see this over its 50dma at $24.09 heading into the weekend. May look to add some more strikes on strength:

SAM reported earnings after the close that bested estimates. The stock could melt to $400 in the coming weeks so may look to add some strikes if the premiums come down:

ROKU reported a monster beat and raise yesterday. The stock is gapping higher this morning but not as much as I would think should. So many folks either don't understand the ROKU story, or think eventually they will be eaten up by competitors. As much as I think it should trade north of $90 today, will likely just wait for another opportunity to play some calls Ince the dust settles.

And here is what I am watching today: YOU. TNDM, DOCU, WW, SHW, BIDU, ALGN, ISRG, YOU, FVRR, ANET, ULTA, SSYS, ROKU,  BLK, TNDM, Z, ANET, IBM, NFLX, QQQ, AXSM, and SAGE.

Let's have a great day!


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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